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Published 7 junio 2017
International law firm DAC Beachcroft has conducted a survey in association with In-House Lawyer Magazine, assessing the role and influence of the in-house lawyer in managing risk.
The survey results published in the Spring/Summer edition of In-House Lawyer Magazine highlight the importance of the in-house lawyer's role as a key player in risk management and an important contributor to the risk process.
It draws an improving picture of risk management generally and the role of the in-house legal team specifically. Successful risk management requires an enterprise-wide view, facilitated by strong relationships across different technical functions.
The research identified strong relationships in the in-house legal team in some areas, but a need to improve connections in others – especially IT and Procurement – for the business not to be exposed to data and supply chain risks.
Ben Daniels, Partner at DAC Beachcroft, commented on the research: "These findings reinforce what we hear from GCs; that often where the financial risk or probability of a risk occurring is low but reputational risk is high if the indecent occurs, it will be the Legal function that ensures the business understands the implications."